Taiwan export-import value to go up by 20%<\/p>\n
Yuli Tri Suwarni, The Jakarta Post, Bandung<\/p>\n
Taiwan's economic and trade representative in Indonesia, David YL
\nLin, has expressed hope that his country's investment in
\nIndonesia would increase by 5 percent this year from last year's
\nUS$13 billion.<\/p>\n
Taiwan is the fifth largest investor in Indonesia after Japan,
\nthe United States, Singapore and Britain.<\/p>\n
Lin also said that Taiwan had aimed at increasing the balance
\nvalue of export and import between both countries by 20 percent
\nfrom US$5.98 billion in 2004.<\/p>\n
"Basically, Taiwan investors don't find any problems putting
\ntheir money here. It's just the legal aspects related to labor,
\nfor instance. Labor compensation is too high," he told The
\nJakarta Post on the sidelines of a Taiwan Business Club meeting
\nhere over the weekend.<\/p>\n
Last year, Taiwan exported to Indonesia machinery, computer
\nhardware and electronic products worth $1.87 billion. In return,
\nthe country imported LNG, wood, paper pulp and electronic
\ncomponents worth $4.11 billion.<\/p>\n
Taiwan's total investment here reached $13 billion from about
\n1,000 companies, including major firms Pao-cheng Shoes Co., Acer,
\nBank Chinatrust, President Food, RSEA and Na Ya Plastics.<\/p>\n
The companies employed about 7,000 managerial and technical
\nworkers from Taiwan and about 700,000 local workers.<\/p>\n
Sandy Lee, a representative of Jakarta's Taiwan Business Club,
\nsaid, "We're losing competitive advantage in the manufacturing
\nsector due to labor costs and raw materials."<\/p>\n
The meeting was attended by 30 representatives of the club's
\nseven branches in Bandung, Jakarta, Semarang, Medan, Surabaya,
\nCirebon and Batam.<\/p>",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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